Green Bonds

1) Subtotals may not sum due to rounding; from 2013 IPO through 4/30/20

2) Principles applicable to corporate unsecured green bonds but not necessarily to our convertible green bonds

“Eligible Green Projects” means projects intended to reduce carbon emissions or provide other environmental benefits in the following categories:

Behind-The-Meter (“BTM”): Distributed building or facility projects that reduce energy usage or cost through the use of solar generation and energy storage or energy-efficient improvements, including heating, ventilation, and air conditioning systems (“HVAC”), lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems;

Grid Connected (“GC”): Projects that deploy cleaner energy sources, such as solar and wind to generate power where the off-taker or counterparty is part of the wholesale electric power grid; and

Other Sustainable Infrastructure: Upgraded transmission or distribution systems, water, and stormwater infrastructure, seismic retrofits, and other projects, that improve water or energy efficiency, increase resiliency, positively impact the environment, or more efficiently use natural resources.

Prior to the full investment of such net proceeds, we may apply the net proceeds to repay a portion of the outstanding revolving borrowings under the Existing Credit Facilities and, for any net proceeds from this offering not used to repay the Credit Facilities, we intend to invest such net proceeds in interest-bearing accounts and short-term, interest-bearing securities which are consistent with our intention to qualify for taxation as a REIT.